Phantom Gain – When Your LOSS Becomes GAIN (1031 Exchanges) Tax Tips

The term “gain” is often thought of as profit, yet the two terms have totally different tax meanings. Gain is simply the adjusted sales price minus the basis in a property. When considering the sale of investment property, even in a hardship situation your ability to preserve all opportunities can make a tremendous difference. This “phantom” gain scenario has snuck up on more than one unfortunate seller, but a 1031 exchange can eliminate any such tax exposure.

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The sooner you involve the team of professionals at Equity Advantage in your 1031 exchange, the better. They’re seasoned experts who know all the ins and outs of this complicated transaction. Call them at 503-65-1031 and protect your investments!